Salient Features of the Financial Social Accounting Matrix for Pakistan-1989-90

Siddiqui, Rizwana (2004): Salient Features of the Financial Social Accounting Matrix for Pakistan-1989-90.

Abstract

A financial Social Accounting matrix (FSAM) has been constructed using data from exiting SAM depicting real side of the economy, flow of funds data, and household integrated economic survey data. The constructed FSAM has been used to operationalize financial CGE model to investigate how financial liberalization and governance improvement impact Pakistani economy in general and poverty welfare of its people in particular. The prominent features of the FSAM are: (1) it presents Capital Account in new format by reporting savings by type of institution and reporting investment by origin as well as by destination, (2) it adds a new account under the heading of Changes in Assets and Liabilities. It also reveals changes in assets and liabilities (physical and financial) by type of institutions. The integration of real and financial sides of the economy provide details of real-financial transactions that occur between economic agents during the fiscal year 1989-90.The FSAM reveals wide disparity in asset accumulation by the type of institution which play a pivotal role for growth prospects as well as for poverty reduction. This aspects is particularly important for the case of Pakistan where the policy of limited credit expansion and private sectors limited access to external borrowing is prevailing. The FSAM show: 1. saving rates vary by institution, 2. significant amount of investment destined in three sectors: Textile, F&B, and NMI. (3) Government and non-financial firm receive a large chunk of total credit, (4) NFF’ acquisitions of financial and Physical asset is highest.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial, SAM
• Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E16 - Social Accounting Matrix; G - Financial Economics > G2 - Financial Institutions and Services

References

Pakistan, Government of (1993) Household Integrated Economic Survey, Federal Bureau of Statistics, Islamabad, Pakistan.

Rizvi, S.R. H. (1996), ‘Integrated Economic Accounts for 1989-90’, Federal Bureau of Statistics, Statistics Division.

Siddiqui, Rizwana and Zafar. Iqbal (1999) “Salient Features of Social Accounting Matrix of Pakistan for 1989-90…., MIMAP Technical Paper Series no.1. and ‘Social Accounting Matrix of Pakistan for 1989-90’ Research Report no 171, Pakistan Institute of Development Economics, Islamabad, Pakistan, 1999.

Siddiqui, Rizwana and Z. Iqbal (1999) Tariff Reduction and Functional Income Distribution in Pakistan: A CGE Model, MIMAP Technical Paper Series no 10 (Presented in MIMAP conference in Bangladesh, and in PSDE conference in Islamabad.

Siddiqui, Rizwana, and A. R. Kemal, (2002) Remittances, Trade Liberalization and Poverty in Pakistan, The Role of Excluded Variables in Poverty Change Analysis, Study no 1 of the project ‘Exploring the Links between Globalization and Poverty in South Asia (Pakistan): A General Equilibrium Approach. (PIDE Working Papers, 2006:1, Pakistan Institute of Development Economics, Islamabad).

Siddiqui, Rizwana and A. R. Kemal (2002a) Poverty Reducing or Poverty Inducing? A CGE based Analysis of Foreign Capital Inflows in Pakistan (Study no 2 of the project ‘Exploring the Links between Globalization and Poverty in South Asia (Pakistan): A General Equilibrium Approach) (PIDE Working Papers, 2006:2.

Siddiqui, Rizwana (2004) Modeling Gender Dimensions of the Impact of Economic Reforms on Time Allocation among Market Work, Households Work and Leisure, Research Report, No 185, Pakistan Institute of Development Economics, Islamabad.

Siddiqui, Rizwana(2004) Finance, Governance and Poverty in Pakistan: A CGE based Analysis. A study completed under the ADB project—ADB-RETA-60773.

Siddiqui, Rizwana (2005)“Modeling Gender Dimensions of the Impact of Economic Reforms on Time Allocation among Market, Households and Leisure Activities in Pakistan”, The Pakistan Development Review, 44(4), Part II, pp. 615-639.

Siddiqui, Rizwana (2009) “Modeling Gender Effects of Pakistan’s Trade Liberalization”, Feminist Economics, 15(3), pp287-321. (Chapter 10 in Gunseli Berik, Yana Van der Meulen Rodgers, and Stephanie Seguino (eds), ‘Inequality, Development, and Growth’ Routledge, London and New York, pp 287-321).

Siddiqui Rizwana and A. R. Kemal (2006), “Remittances, Trade Liberalization and Poverty in Pakistan, The Role of Excluded Variables in Poverty Change Analysis, The Pakistan Development Review, 45(3), pp. 383-415.

Siddiqui Rizwana (2007) Modeling gender Dimensions of the Impact of Economic Reforms in Pakistan. MPIA Working paper-13, Poverty and Economic Policy Network, University of Laval, Canada.

Siddiqui, Rizwana, A. R. Kemal, R. Siddiqui, and A. Kemal (2008) “Tariff Reduction, Fiscal adjustment and Poverty in Pakistan: A CGE based Analysis”, chapter 8 in John Cockburn, Bernard Decaluwe, and Veronique Robichaud (eds), ‘Trade Liberalisation and Poverty: A CGE Analysis of 1990 Experience in Africa and Asia’, International Development Research Centre, Canada, pp. 303-43. (MPIA Working Paper -17, Poverty and Economic Policy Network (PEP), University of Laval, Canada.